1901 Old Concord Rd - Apartments FOR SALE
Smyrna, GA 30080 |
1901 Old Concord Rd
Smyrna, GA 30080
HIGHLIGHTS
- Located in Cobb County, a highly-desirable north Atlanta location with high growth rates and strong demographics.
- The Arbors at Smyrna apartments feature market-superior one-, two-, and three-bedroom floorplans averaging a spacious 1,184 SF, 76% are townhomes
- 97% of units are unrenovated providing further value-add opportunity
- High occupancy with 20 tenant waitlist through October 2021.
- The current owner spent $1.9M+ in recent capex, which includes a new fitness center.
- Within a three-mile radius of the property, the median household income is $56,577 according to Claritas. Located in Federal Opportunity Zone
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Arbors at Smyrna
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
402590
STORIES
2
YEAR BUILT
1967
PARKING SPACES
200
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-0349-0-005-0,17-0349-0-020-0,17-0350-0-055-0
